Explanation of SUN Buyback on March 24, 2022

Dear Users,

During the latest round of buyback and burning of SUN, a total of 2,781,258.73 SUN were bought back and burned in the first batch, and 1,843,303.039 of them were purchased with TRX. However, our engineers failed to check if the TRX-SUN trading pair (address: THu6ConqvZ3phYHeNTDyW9aE3pGypwBsP6) had sufficient liquidity, which led to a significant slippage in the SUN-TRX transaction. Consequently, only 1,843,303.039 SUN were bought back at the expense of 2,123,367 TRX through a total of 20 transactions.

With TRX/SUN traded at 1:4.74304, a total of 10,071,214.6 SUN should have been purchased with 2,123,367 TRX. The SUN Foundation bought back 8,227,911.6 SUN to make up for the shortfall and burned the token. You can check details of this SUN burning transaction with the following transaction hash, you can also find it in the “Burning Records” section:
f44824a08997db6c9902b518d20ee628a04e80399367611f263f2da5b73ad099

Below are the details of the buyback and first batch of burning:

There are two steps in the buyback of SUN with SunSwap trading fees:

Step 1: The SunMaker contract (address: TPdthWzUHfepu2TEBimTFi1sBWtGYi3Ksa) buys back SUN with the trading fees and sends them to the SunBar contract (address: TP1VirfLotFs6QCTKUgSfP4eNVdU3UcAvJ). During this process, the TRX-SUN trading pair (address: THu6ConqvZ3phYHeNTDyW9aE3pGypwBsP6) is needed to purchase SUN with TRX.

Step 2: Call the burnSun() function in the SunBar contract to burn the SUN that has been bought back.

Transaction hashes of the buyback: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The SUN Foundation
March 25, 2022